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Northern Tier and Western Refining Announce Definitive Merger Agreement

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Northern Tier and Western Refining Announce Definitive Merger Agreement

Can Northern Tier Energy LP (NYSE:NTI) hit $34?. Under the deal, Northern Tier unit holders would receive $15 a unit in cash and 0.2986 Western Refining share for each common unit held, or roughly $26.21 a unit based on Monday’s close. EL PASO, Texas and TEMPE, Ariz., Dec. 21, 2015 (GLOBE NEWSWIRE) — Western Refining, Inc. (NYSE:WNR) and Northern Tier Energy LP (NYSE:NTI) today jointly announced that they have entered into a merger agreement whereby Western will acquire all of NTI’s outstanding common units not already owned by Western. Northern Tier Chief Executive Dave Lamp in prepared remarks Monday said that the MLP model “has not been rewarded by the equity market, as evidenced ...

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2016 will be the dawn of the drone age

Кubric: NEWS | 20 Jan 2016 | no comments yet »
2016 will be the dawn of the drone age

2016 will be the dawn of the drone age. Whether the topic was military drones operating overseas, or examining how to regulate the growing presence of private and commercial drones in U.S., drones emerged as the unavoidable topic about future tech. If you live in the U.S. and own any kind of drone that weighs more than 0.55 pounds and less than 55 pounds (and that’s pretty much every drone that isn’t a toy like the Parrot MiniDrone), you have until February 19, 2016 to register it.With the expectation that hundreds of thousands of drones will become gifts this holiday season, the Federal Aviation Administration began registering remote-controlled aircraft Monday so the agency could track ...

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Martin Shkreli’s Replacement at Turing Pharma Has a Questionable Past

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Martin Shkreli’s Replacement at Turing Pharma Has a Questionable Past

Martin Shkreli fired by KaloBios Pharmaceuticals. Martin Shkreli, the former hedge fund manager under fire for buying a pharmaceutical company and ratcheting up the price of a life-saving drug, is escorted by law enforcement agents in New York Thursday, Dec. 17, 2015, after being taken into custody following a securities probe.Reviled pharmaceuticals bigwig Martin Shkreli has been fired from a company he ran for just one month, days after he resigned from another one of his companies after his arrest for alleged securities fraud. In his first interview since bailing himself out on federal fraud charges, pharmaceutical warlord Martin Shkreli told the Wall Street Journal that he was only a big ...

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Amazon breaks sales records and is the go-to store for holiday shoppers

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Amazon breaks sales records and is the go-to store for holiday shoppers

Amazon (AMZN) May Lease 20 Boeing Planes for Delivery. There are only four days left until Christmas but last-minute shoppers may still be able to fill their stockings and slide gifts under the tree without having to brave chaotic lines in-store. Amazon.com, the No. 1 e-retailer in North America and Europe by sales, is getting serious about delivery, with more ultrafast Prime Now delivery markets and rumored cargo jets on its Christmas list.Sometimes it seems like Amazon delivers your packages before you’ve even thought about placing an order, but the online retailer might be taking a step to ensure that your Chewbacca hoodie or box of live crickets or whatever arrives even faster.Amazon.com ...

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Winnebago Taps Toro Executive to Be Next CEO

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Winnebago Taps Toro Executive to Be Next CEO

No Warm Welcome For New Winnebago CEO. FOREST CITY | Recreational vehicle manufacturer Winnebago Industries announced Monday it will appoint Michael Happe as president and CEO and a member of its board Jan. 18. Zacks Investment Research upgraded shares of Winnebago Industries, Inc. (NYSE:WGO) from a sell rating to a hold rating in a research note released on Wednesday, Marketbeat.com reports. Happe joins Winnebago Industries from Bloomington, Minn.-based Toro Co., where he most recently served as an executive officer and group vice president of Toro’s residential and contractor businesses. A 19-year veteran of Toro, Happe held a series of senior leadership positions throughout his career across ...

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Amazon breaks sales records and is the go-to store for holiday shoppers

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Amazon breaks sales records and is the go-to store for holiday shoppers

Amazon (AMZN) May Lease 20 Boeing Planes for Delivery. There are only four days left until Christmas but last-minute shoppers may still be able to fill their stockings and slide gifts under the tree without having to brave chaotic lines in-store. Amazon.com, the No. 1 e-retailer in North America and Europe by sales, is getting serious about delivery, with more ultrafast Prime Now delivery markets and rumored cargo jets on its Christmas list.Sometimes it seems like Amazon delivers your packages before you’ve even thought about placing an order, but the online retailer might be taking a step to ensure that your Chewbacca hoodie or box of live crickets or whatever arrives even faster.Amazon.com ...

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U.S. Government Deals Another Blow to Proposed Staples-Office Depot Merger

Кubric: NEWS | 20 Jan 2016 | no comments yet »
U.S. Government Deals Another Blow to Proposed Staples-Office Depot Merger

FTC Rejects Staples-Office Depot Merger, Again. After facing another setback to its planned acquisition of Office Depot, Staples has announced that it has decided to sue the Federal Trade Commission (FTC) over the deal. Seeking to mollify the FTC’s opposition to the deal, Staples had offered to sell off or give up $1.25 billion worth of commercial contracts, a bright spot in its otherwise pressured business. Per Bloomberg Business, Staples recently offered to divest a total of $1.25 billion in commercial contracts in hopes of pushing the acquisition through, but that wasn’t enough for the FTC; today Staples announced that the offer has been denied. Staples said in the statement, “The ...

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Extreme weather poses increasing threat to US power grid

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Extreme weather poses increasing threat to US power grid

Extreme weather poses increasing threat to US power grid. WAVELAND, Miss. (AP) — When Hurricane Katrina’s punishing storm surge plowed ashore, it swamped seven of Coast Electric Power Association’s substations, vital to powering thousands of Mississippi homes and businesses. The facilities have long since been repaired, but a decade after the storm they remain at the same elevation, and just as vulnerable to catastrophic hurricanes. The number of weather-related power outages has climbed over the last decade, with the greatest spikes in 2008 and 2011, according to the AP analysis and independent studies. That leaves Coast Electric and other utilities across the country struggling ...

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US stocks moderately higher in light trading

Кubric: NEWS | 20 Jan 2016 | no comments yet »
US stocks moderately higher in light trading

U.S. stocks stage rally to end higher. The main indexes gave up early gains after a harsh selloff in European markets and continued weakness in energy shares that were hit by falling oil futures. Stocks have seen volatile moves in recent weeks as investors braced for the Fed’s plan to increase interest rates for the first time in nearly a decade, announced last Wednesday. The Dow Jones Industrial Average DJIA, +0.72% rose 122.87 points, or 0.7%, to 17,251.42, while the Nasdaq Composite COMP, +0.93% climbed 45.84 points, or 0.9%, to 4,968.92. “It is difficult to have meaningful rallies when there is so much volatility,” said Colin Cieszynski, chief market strategist at CMC Markets. Keeping ...

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Brent oil posts lowest close since 2004

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Brent oil posts lowest close since 2004

Brent oil posts lowest close since 2004. The global oil benchmark closed at its lowest level in more than 11 years Monday as fears over a global glut of crude and uncertain demand kept pressure on most of the hard-hit energy complex. With crude oil prices losing nearly 50 per cent from their peak levels and touching 11-year lows on Monday, Goldman Sachs and CLSA have said the prices could further fall to touch $20 a barrel.Profits from stockpiling crude at sea, a tactic used by oil traders in 2008 to weather the market rout, will probably remain elusive during the current slump, according to Barclays Plc.Dealers said the cost of crude was on course in December to register its biggest monthly ...

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